Triple Point VCT 2011 PLC A and B Share Class Net Asset Values (9822E)

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RNS Number : 9822E

Triple Point VCT 2011 PLC

12 July 2021

12 July 2021

Triple Point VCT 2011 plc

(the "Company")

A and B Share Class NAV update for the quarter ended 31 May 2021

The Company

The Company's funds at 31 May 2021 were invested in a portfolio of VCT qualifying and non-qualifying unquoted investments.

A Share Class

   --      The Net Asset Value at 31 May 2021 was 52.70p per share. 

-- During the 3-month period to 31 May 2021 the A Share Class made a profit of 0.27p per share.

   --      Total dividends paid to A Shareholders to 31 May 2021 was 70.00 pence per share. 

-- At 31 May 2021 Net Asset Value plus dividends paid ("Total Shareholder Return") was 122.70p per share.

   --      The table below shows the A Shares unquoted investment portfolio by sector at 31 May 2021: 
 
 Hydroelectric Power    100% 
 

B Share Class

   --      The Net Asset Value at 31 May 2021 was 57.18p per share. 

-- During the 3-month period to 31 May 2021 the B Share Class made a small loss of 0.18p per share.

   --      Total dividends paid to date to B Shareholders is 10.00 pence per share. 
   --      At 31 May 2021 the Total Shareholder Return for the B Share Class was 67.18p per share. 
   --      The table below shows the B Shares unquoted investment portfolio by sector at 31 May 2021: 
 
 Gas Power                    75% 
 SME Funding Hydroelectric 
  Power                       25% 
                             ---- 
 

Net Assets at 31 May 2021:

 
 
 
                                A Shares   B Shares 
                               ---------  --------- 
                                 GBP'000    GBP'000 
                               ---------  --------- 
 VCT qualifying unquoted 
  investments                      4,887      2,969 
                                          --------- 
 VCT non-qualifying unquoted 
  investments                          -      1,005 
                               ---------  --------- 
 Cash and cash equivalents            56         63 
                               ---------  --------- 
 Total Investments                 4,943      4,037 
                               ---------  --------- 
 Other assets & liabilities          299      (140) 
                               ---------  --------- 
 Net assets                        5,242      3,897 
                               ---------  --------- 
 Net asset value per share         52.70      57.18 
                               ---------  --------- 
 

Net Assets at 28 February 2021:

 
 
 
                                A Shares   B Shares 
                               ---------  --------- 
                                 GBP'000    GBP'000 
                               ---------  --------- 
 VCT qualifying unquoted 
  investments                      4,887      2,969 
                                          --------- 
 VCT non-qualifying unquoted 
  investments                          -      1,005 
                               ---------  --------- 
 Cash and cash equivalents            52         83 
                               ---------  --------- 
 Total Investments                 4,939      4,057 
                               ---------  --------- 
 Other assets & liabilities          277      (150) 
                                          --------- 
 Net assets                        5,216      3,907 
                               ---------  --------- 
 Net asset value per share 
  (pence)                          52.43      57.36 
                               ---------  --------- 
 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 
  Triple Point Investment Management   Tel: [phone] 
   LLP 
   (Investment Manager) 
  Belinda Thomas 
   Ian McLennan 
 

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/ .

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.

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July 12, 2021 12:15 ET (16:15 GMT)